Canada Pension Plan (CPP) - Retirement Pension

PensionsFederal Program2024
Up to $16,375/year

About This Program

The Canada Pension Plan retirement pension is a monthly, taxable benefit that replaces part of your income when you retire. You must have made at least one valid contribution to the CPP to qualify. The standard age to begin receiving the pension is 65, but you can take a permanently reduced pension as early as age 60, or a permanently increased pension if you delay until after 65, up to age 70.

Am I Eligible?

To qualify for this program, you generally need to meet all of the following requirements:

  • You must be 60 years of age or older
  • You must have made CPP contributions during your working years
  • Your citizenship status must be one of: Canadian citizen, permanent resident
These are simplified eligibility criteria. Additional conditions may apply. Always verify with the official program website.

How Much Could You Receive?

Maximum annual benefit
$16,375per year
Maximum monthly benefit
$1,365per month
Average annual benefit
$9,983per year

Average amount; your actual benefit depends on your contribution history

Reduction for taking CPP before age 65

0.6% reduction per month before age 65 (up to 36% reduction at age 60)

Increase for delaying CPP after age 65

0.7% increase per month after age 65 (up to 42% increase at age 70)

Note: These amounts are estimates based on publicly available program rules. Your actual benefit amount may differ based on your individual circumstances. Always confirm with the relevant government agency.

How to Apply

Applications for this program are handled directly by the Government of Canada. Visit the official program page for application forms, required documents, and processing times.

Visit Official Program Page
Rules last verified: March 2026. Amounts reflect 2024 tax year.

Check Your Eligibility

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